LMT vs TRT: Correlation
Measured on weekly returns over the past three years, Lockheed Martin (LMT) and Trio-Tech International (TRT) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMT and TRT?
Over the past 3 years, LMT and TRT moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.24). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -670.0 %².
Out of 29 assets tracked against LMT, TRT lands near the bottom at #28. Correlation aside, the last 12 months split them widely, with TRT ahead by 267.6 points (+27.9% versus +295.5%). Risk is not evenly split, since TRT carries 4.1 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
LMT vs TRT: side by side
| LMT (Lockheed Martin) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +27.9% | +295.5% |
| 5-year return | +78.9% | +365.8% |
| Volatility (ann.) | 26.0% | 107.4% |
| Beta vs S&P 500 | 0.20 | 0.18 |
| Max drawdown (3Y) | -31.8% | -54.6% |
| Market cap | $130.6B | – |
| P/E (trailing) | 20.9 | 209.6 |
| Dividend yield | 2.41% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LMT | TRT |
|---|---|---|
| 2022 | +40.5% | -66.5% |
| 2023 | -4.3% | +12.7% |
| 2024 | +10.0% | +14.6% |
| 2025 | +2.5% | +127.9% |
| 2026 | +18.4% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMT and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between LMT and TRT?
As of 2026-08-27, the correlation of weekly returns between LMT and TRT is -0.24 over 3 years, -0.39 over 1 year and -0.12 over 5 years.
Is TRT a good diversifier for LMT?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lmt-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lmt-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LMT correlations · TRT correlations
